Germany Social Democratic Party (SPD) submitted an offer calling the EU to accept a more protectionist approach to the protection of the EU steel industry from cheap imports and market distortions, according to Reuters. Accordingly, the party calls on the European commission to ensure that the strategy “buy European” and the reliable structure of trade protection aimed at ensuring fair competition and maintaining internal value.
is based on the creation of a tariff moth to limit excessive imports, while maintaining market opening and control. The party claims that this approach is vital for protecting European steel from subsidized competitors, especially from China, the export of which continues to violate the EU markets.
The proposal also requires more rigid controls on Russian steel, including mechanisms to prevent indirect entrance to the EU market through industrial and others. Losses in traditional steel regions. The party warns that uncontrolled imports and high energy costs undermine the risk of undermining the industrial base of Europe.
SPD insists that its plan does not represent protectionism, but rather efforts to ensure fair competition and protective European strategic interests in steel are key material for infrastructure, defense and green transition
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